India has emerged as the global leader in real-time payments, handling 41 million transactions per day, according to a report by FIS Global. The real-time activity, the report said, has further improved in the country, with volumes jumping more than twice this year and the transaction value increasing 80 per cent.
Industry experts had earlier opined that the Covid pandemic accelerated the usage of real-time payment methods in the country. “India continues to innovate with the launch of extensive business services on real-time rails, including IPO subscription, mandate management, and invoice-in-the-box,” the report said.
India saw growth of
First Published: Oct 07 2020 | 4:37 PM IST